Blockchain Project ChronoBank Partners with Changelly, Raises $3 Million in Crowdfund

ChronoBank, an ambitious and wide-ranging blockchain project, aimed at disrupting the short-term recruitment sector by connecting employers with freelancers on a peer-to-peer basis, has revealed that it has made a ‘strategic partnership’ with instant exchange service Changelly into its, ChronoWallet while exceeding $3 million in its ICO crowdfund sale.

With ChronoBank’s crowdfund due to end on February 14, it has so far raised US$3,359,405, amounting to 3,365 bitcoins, which has been gathered from 1,891 participants.

Labour Hour Tokens

The main component to ChronoBank’s operation is its Labour Hour (LH) tokens, which will trade freely on the open market and will be the native unit of currency that firms will use to buy labour from professionals.

From the second quarter to the fourth quarter of 2017, LH tokens will be launched. In the second quarter, LHAU (Australia) will be followed by LHUS (United States) in the third quarter while the fourth quarter will see the launch of both LHEU (European Union) and LHUK (United Kingdom).

ChronoBank states that as the LH tokens are linked to labour costs in

Read more ... source: CryptoCoinsNews

Let's block ads! (Why?)

Powered by Bitcoin Central